10 benefits of cloud accounting software for business
More and more business owners are turning to cloud accounting software to manage their business’ finances. If you haven’t tried it yet, here are 10 ways online accounting software can help your business.
Save time with automation
Don’t waste time posting and chasing invoices. With the cloud, you can automatically generate invoices— as well as reminders — at regular intervals, meaning you don’t have to manually keep track of debtors.
Work from anywhere
By converting to the cloud, you no longer need to worry about maintaining spreadsheets or installing a programme on one machine. The cloud allows you to log in to your business’ account anywhere, anytime and from any device.
Value for money
Instead of paying a huge one-off fee for accounting software, the cloud allows you to spread the cost with a monthly direct debit – helping you to manage your business’ cash flow.
With the cloud, you can get an up-to-date snapshot of your financial position as automated bank feeds allow you to keep track of your business’ balance sheet in real time.
Keeps your information secure
As your data is saved on a secure cloud server, it is constantly backed up, so you don’t need to worry. Even if your computer crashes, everything is still saved and easily accessible.
Intuitive and easy to use
The cloud software has been built with non-accountants in mind. The simple layout and helpful guides make it easy for people who don’t have much experience of managing financial accounts.
Give access to multiple users and set permissions
If different people manage different elements of your business, it’s easy to add multiple users and tailor permissions so people with specific job roles only see what they need to.
Software is consistently updated and improved
There is no need to wait for a new version of a software to be installed, with the cloud everything is constantly updated by in-house developers and it’s all part and parcel of your monthly subscription fee.
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